Question: Exercise 3 . 9 : What is the duration in years to repay a loan o interest of 5 . 5 % ( interest is

Exercise 3.9: What is the duration in years to repay a loan o interest of 5.5%(interest is compounded annually) with monthly repayment of $1,500?[Ans: 15 years]
Exercise 3.9: What is the duration in years to repay a

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